Author: NBTC
Markets reacted positively on Tuesday amid expectations of improving trade tensions between the United States and China. CNBC’s Eamon Javers, citing a source that attended a White House conference, reported that U.S. Treasury Secretary Scott Bessent stated that both Washington and Beijing view the current tariff structure as undesirable. According to the unnamed source, Bessent reportedly highlightedthe high tariff levels of 125% to 145% will force a de-escalation in economic tensions in the near term. Crypto markets in particular reacted positively, with Bitcoin (BTC) trading solidly above $90,000 Tuesday afternoon. The source described the current U.S.- China trade tensions as…
Enigmatic SHIB marketing lead known to the community under the pseudonym Lucie has addressed the SHIB army with a post to defend SHIB team members – moderators, admins, and also developers. She explained that the majority of them are volunteers and “they can post whatever they want.” “We will defend our devs,” Lucie states Lucie stood up to anonymous community members who have been attacking SHIB mods and admins with criticism. She reminded everyone that SHIB team “brings value, ideas, and real networking.” If anyone wants to complain that SHIB is not skyrocketing or their projects on Shibarium are not…
The price of Bitcoin sank and then plateaued on Thursday, even as U.S. stocks advanced on rising rate cut hopes and U.S. President Donald Trump’s latest trade-related utterances. Bitcoin was recently changing hands around $93,300, roughly flat over the past day, after falling as low as $91,800 midday, according to crypto data provider CoinGecko. Altcoins were mixed, with Ethereum falling 1.8% to $1,760 while Solana climbed 1% to around $151. In an interview with CNBC’s Squawk Box, Beth Hammack, President of the Federal Reserve Bank of Cleveland, said the central bank will be “preemptive” on rate cuts when it becomes…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. Because the industry’s been talking a lot about the use cases for stablecoins and onchain RWAs, it’s worth highlighting a soon-to-launch settlement network for institutions. Called Lynq, the network will be powered by the Arca Institutional US Treasury Fund (TFND). That has a portfolio of short-term, yield-bearing US Treasurys and issues its shares via the Avalanche Blockchain. TFND requires AML/KYC on subscribers, and all client funds are held with US Bank. Speaking of partners, Lynq is set to use tZERO’s special purpose broker-dealer license and Tassat’s…
There has been widespread debate about how XRP holders should position themselves for the coin’s future possibilities. In a tweet, widely followed community commentator “The Modern Investor” sparked conversation in the XRP community when he asked how many tokens one needs to be happy. The tweet garnered attention, even though he provided no context as to what constitutes happiness in holding XRP. Many community members equated it to achieving financial success. XRP Army Reacts Some users suggested that holding as many as 100,000 tokens could represent financial success or happiness. However, others believe fewer tokens might be enough. X user…
Bitcoin (BTC) rose to as high as $94,700, buoyed by optimism about a potential easing of US-China tariff tensions and a significant influx of institutional capital. However, on-chain analytics platform Glassnode warns that the market has not yet fully moved into bullish territory. In a recent report, Glassnode noted that US spot Bitcoin ETFs saw a record $1.54 billion net inflow on April 22, indicating a wave of institutional demand. This surge helped BTC briefly reclaim its Short-Term Holder (STH) Cost Floor of $92,900, a critical threshold that typically separates bearish and bullish market phases. During the rally, approximately 5%…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. President Trump is still going after Fed Chair Powell. In a Monday Truth Social Post, Trump reiterated that he wants to see lower interest rates now, adding that Powell is “a major loser.” Trump is hardly the first president to voice frustrations with the Fed and its leadership. But he is the only sitting president in modern history who has publicly threatened to fire the chair. Both Joe Biden and Barack Obama — during their respective terms — said they were disheartened by slow progress on…
Well-known XRPL dUNL validator Vet recently took to X to clarify the recent RLUSD burning events. Notably, Vet first cited the $39,000,000 worth of RLUSD that has been burned on the XRP Ledger and subsequently minted on Ethereum. This large-scale transfer has sparked speculation about the motives behind these actions, especially concerning the UK, SBI, and institutional liquidity support. Before delving into these questions, Vet provided an educational overview of stablecoin inventory transfers. He noted that stablecoin issuers, such as Circle and Tether, frequently perform inventory transfers to manage the supply of their tokens across various blockchains. These transfers are…
Crypto majors were little changed over the past 24 hours as markets settled from a rally, and then profit-taking from earlier in the week. Bitcoin (BTC) traded above $93,000 in Asian morning hours Friday, with traders pointing to increased optimism of short-term gains. “With BTC holding firmly above $90K, sentiment is becoming increasingly optimistic,” QCP Capital said in a Telegram broadcast. “Call options at $95K strikes for end-April and end-May expiries have dominated flow, pointing to a tactical appetite for further upside.” Call options are contracts giving the buyer the right to purchase an asset at a set price before…
The price of Bitcoin jumped as high as $91,684 on Tuesday as investors weighed whether Washington’s tit-for-tat with Beijing on tariffs could come to a sooner-than-expected end. Bitcoin was recently up 4.5% over the past 24 hours, losing some ground from earlier in the afternoon but still on track to register its largest day gain since April 9, when the asset surged 8.3%, according to Bitcoin CounterFlow. That was the day that U.S. President Donald Trump lowered “reciprocal” tariffs on nearly all nations to 10% while focussing his trade war on China with steeper levies. Beyond Bitcoin, altcoins and meme…